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Otmar Issing
The ECB's political overreach
By Otmar Issing - Jul 28,2022
FRANKFURT  —  In mid-June, as the yield on Italian ten-year bonds was rising to around 250 basis points above that of German bonds, the European Central Bank (ECB) felt it necessary to hold a special Governing Council meeting to announce accelerating work on a new “anti
The danger of following the fed
By Otmar Issing - Nov 18,2020
FRANKFURT — To say that the US Federal Reserve is the world’s most important central bank is to state the obvious.
The MMT myth
By Otmar Issing - Nov 04,2020
FRANKFURT — Many people are now proclaiming that the COVID-19 pandemic has provided proof positive that Modern Monetary Theory (MMT) is the only way forward for governments. To the uninitiated, MMT probably sounds extremely sophisticated, even scientific.
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